ERB Board Meeting Calendar


2018 Board Calendar (PDF)


Board Meeting Notices and Agendas  (2018)

Public Meeting Notice--posted 3/8/18

Investment Committee Meeting Agenda--posted 3/13/18









Dear Members of the NMERB Community,

This Fall Deputy Director Rick Scroggins and I visited with members across the state to update them on NMERB's status, the need to improve sustainability and why 100% funding is important. For a pension plan, sustainability means being able to pay all benefits and reach 100% funding in a reasonable length of time. For NMERB, being 100% funded means that the Cost of Living Adjustment reductions for our retirees will end and member and employer contribution rates can be lower. In addition, if a pension plan is 100% funded, it can better withstand financial market downturns. Materials from those meetings and a videotape of one of the sessions are located below. .

During those meetings, we talked about a survey for all of you to take in 2018 so the NMERB Board can have input from our members on what types of changes you will support to improve the sustainability of our pension plan. It is now time for you to take the survey and share your opinions and thoughts.


Thank you for your service to New Mexico's students.



Jan Goodwin

NMERB Executive Director



For questions regarding your health or life insurance benefits, please contact New Mexico Retiree Health Care Authority 1(800) 233-2576.


If you have questions about your retirement application please email, or call 1(866) 691-2345*.


Have you registered for your online Member Self-Service login? Click the lime green tab (MyNMERB Account) above and gain access to your NMERB information. If you experience any issues, feel free to email or call 1(866) 691-2345.

Public Updates (2018)

NEW-Press Release--December 2017 Results

New-- RETIREES: Click here for the 2018 COLA Letter 

All non-disability retirees with 25 or more years of service credit and whose monthly annuity is less than or equal to $1,611.45 will receive an annual adjustment of 1.80% 

All remaining non-disability retirees will receive an annual adjustment of 1.60%

All disability retirees will receive an annual adjustment of 2.0%


NEW--RETIREES: 1099R's were mailed out on January 30, 2018. If you have not received your tax form and have changed addresses, you must submit a Change of Address form and request a duplicate 1099R be sent to your new address.

In addition, NMERB payroll and IT have successfully applied the new federal tax tables to the NMERB system. Some NMERB members may see an increase in net pay due to lower federal tax withholding, but this is no guarantee as each member is unique. Members may choose to adjust their federal tax withholding by submitting a new Federal and State Withholding Tax form. You may download this form on the Downloadable Forms tab page.

1099-R Code Explanation--posted 1/22/18


2017 Press Releases (listed newest to oldest)

Educators’ pension fund investments posts positive return for the eighth consecutive quarter

The New Mexico Educational Retirement Board fund, which provides defined pension benefits to the state’s public educational employees, posted an investment return of 3.0%, net of management fees for the three months ending September 30, 2017.  This marks the eighth consecutive quarter of positive returns.  The fund has experienced only one negative quarter in the last 17 calendar quarters.

The fund also reached a new high in assets at $12.6 billion, an increase of $365.6 million for the quarter.

As for longer term results, net of investment management fees, the fund investments returned  11.1% over the last twelve months, a gain of approximately $1.3 billion, 8.3% over the last five years and 9.1% since July 1983.

Click here to read the full press release (posted 12/5/17)

Response to a guest editorial 11/29/17 Albuquerque Journal

A guest editorial in the November 29, 2017 edition of the Albuquerque Journal made several assertions about inadequacies in the investment operations of New Mexico’s public pension funds, the Educational Retirement Board (ERB) and Public Employees Retirement Association (PERA).
In order to address this, let’s start at the top. The stated mission of the ERB is: “Providing secure retirement benefits for New Mexico’s Educational retirement system.” That mission informs and guides all of our activities, including investing. Our board performs its fiduciary duties in this regard by setting our investment allocation and approving investments that will fund our members’ retirement benefits. We invest solely for the benefit of the participants in the fund. Our strategies reflect this mission. We do not invest for the benefit of anyone else including the governor. Any innuendo to the contrary is flat out wrong.

Click here to read the full press release (posted 12/2/17)

NMERB Improving Sustainability State Tour

NMERB's Executive Director Jan Goodwin and Deputy Director Rick Scroggins visited 13 cities across the state to discuss "Improving Sustainability". If you would like to watch a recorded version of this presentation click the image or follow the link:

Click here for the "Improving Sustainability" Press Release

Click here for a PDF of the presentation.